7, RIPON STREET, PRESTON, PR1 7UL - £109,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 RIPON STREET is a very small extended terraced house of 41m², built sometime between 1900 and 1929, which could now be worth an estimated £147,585. It was last sold for £109,000 in December 2006, which was around 3% above the average December 2006 terraced price in the Preston local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was C.

7 RIPON STREET Sold Prices

Land registry data shows three sales for 7 RIPON STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Preston local authority area for the corresponding sale date. Two of the three 7 RIPON STREET sales were for above the average price, whilst one was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2006 12 DEC	£109,000	£105,536	3% above HPI
2003 10 FEB	£65,000	£53,322	22% above HPI
1996 28 JUN	£32,000	£33,406	4% below HPI

7 RIPON STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Preston local authority area over time, sourced from the HPI. The three 7 RIPON STREET sales between June 1996 and December 2006 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2003 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the December 2006 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 7 RIPON STREET be worth now?

7 RIPON STREET might now be worth an estimated £147,585.

This is based on house price inflation of 35.4%, between December 2006 and May 2026, for terraced houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.4% inflationary increase is applied to the most recent sale price for 7 RIPON STREET of £109,000 on 12th December 2006. For the value to have increased from £109,000 to £147,585 over the twenty years and seven months to May 2026, the following assumptions must hold true:

• The value of 7 RIPON STREET has moved in line with the HPI for terraced houses in the Preston local authority area.
• The December 2006 sale price of £109,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RIPON STREET has not materially changed since December 2006.

How Large is 7 RIPON STREET?

7 RIPON STREET is 41m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of terraced houses houses in Preston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Preston, and where 7 RIPON STREET lies on this distribution: Less than 1% of terraced houses houses are smaller than 7 RIPON STREET, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Preston.

7 RIPON STREET: Plot and Title Map

7 RIPON STREET sits on a plot of roughly 0.018 of an acre, or 72m². The below map shows the location of 7 RIPON STREET, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 7 RIPON STREET). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 7 RIPON STREET?

7 RIPON STREET is located in PRESTON, in the PR1 postcode district. The below map shows the position of No. 7 on RIPON STREET.